I know, sometimes we have to borrow and beg for money to make it happen, but as long as we get the result we're going for it will all work out! 

I've both lent and borrowed at that rate. 

I'm also close to my borrowing limit with them. 

He said he flipped a coin to decide whether or not to bring it.So he wants to borrow mine. 

You could get an acquisition loan for $1.76M(assuming 80% LTV)A construction loan for $400k(assuming 80% LTV)You would need to come up with $540k for the duration of the rehab via private money, equity partners, etc.If you created enough value to get the value at $3.375M when you refinance, you could recapture the borrowed capital AND  your own capital. 

As your portfolio grows, this can have a sizeable impact on your ability to borrow. 

Thanks again for all your knowledge.Welcome sir, just make sure your certificate of eligibility shows “funding fee: exempt” or call the Va to request or inquire about that and your disability status.as for origination that’s whatever each individual lender wants to charge however the VA limits limits that the max charge to be 1% from the borrower on origination. 

@Sierra Swords If you have someone you can trust that is willing to occupy, there are some lenders that will let you qualify for OwnOcc financing as long as at least one of the borrowers is in the home.

Plus, you have flexibility to pay down or borrow again as needed. 

If you can borrow money you can leverage your cash into a flip.